Loan amount
$250,000
Loan type
Purchase {Rent&Hold}
As-Is Property Value
$1,015,000 {PP:$1,000,000}
LTV
25% {LTV}
Property type
Other Commercial
Borrower Details
Credit score
725
Deal experience
6 deals
This loan scenario was submitted by a Broker
No
Property Details
City
Huntington
State
West Virginia
Loan Details
Purchase price
$1,000,000
Down payment
$750,000
Additional Loan Information
I have a Self Storage facility with also 4 apartments and 1 office space I am purchasing. I am looking for short term money for the down payment to close the loan and buy time to finish the capital raise for the long term. I am under contract with a bank loan in place with 75% LTV.
Status
Created
September 15, 2021 - 10:30pm

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